Interest In Well-Being Of Adult Child ‘Sufficient’ To Not Void Mom’s Auto Policy
An automobile liability policy should not be voided on public policy grounds because the policyholder had a “sufficient” insurable interest, the Michigan Court of Appeals has ruled.
Named Insured Can Have An Insurable Interest In Property It Does Not Own
In A B Petro Mart, Inc v Prime One Ins, an insurance coverage action, the MI COA held that a corporate Plaintiff had an insurable interest in the property at issue.